| Mulben Motors Ltd | Wholesale & retail | 2022 |
| Mundurno Property Company Limited | Extraterritorial | 2011 |
| Munrowil Limited | Hospitality | 2012 |
| Mwes Electrical Ltd | Professional & scientific | 2015 |
| MYGO4WARD Ltd | Health & social care | 2019 |
| NAE BAD Limited | Wholesale & retail | 2020 |
| Nanny Pink's Limited | Wholesale & retail | 2025 |
| Nathanmarshall Ltd | Professional & scientific | 2026 |
| Neil Hadden Plumbing and Heating Ltd | Construction | 2007 |
| Neil Hepburn Joinery Limited | Construction | 2020 |
| Nelly Bo's Ltd | Wholesale & retail | 2022 |
| NER Fabricating Ltd | Manufacturing | 2017 |
| New Elgin Football Club Ltd | Arts & recreation | 2022 |
| New Elgin Services Ltd | Mining & quarrying | 2021 |
| New Golden Sea Limited | Hospitality | 2023 |
| New Munchy Box Ltd | Hospitality | 2024 |
| Newfield Farm | | 1984 |
| Newlands (Elgin) Holdings Limited | Financial services | 2017 |
| Newlands Construction Services Ltd | Construction | 2025 |
| Newton House Moray Limited | Construction | 2007 |
| Nexus Reality Capture Ltd | Professional & scientific | 2025 |
| NJW Contracting Limited | Professional & scientific | 2023 |
| NMK Electrical Contractors Ltd | Manufacturing | 2026 |
| Noble & Gilmour Ltd | Manufacturing | 2024 |
| Norahselgin Ltd | Hospitality | 2024 |
| Norahstrading Limited | Hospitality | 2024 |
| Nordra Developments Ltd | Construction | 2025 |
| Norguard Cyber Solutions Ltd | Information & communication | 2024 |
| Norscot Construction Limited | Construction | 2019 |
| North 25 Ltd | Hospitality | 2024 |
| North Alves Holiday Park Ltd | Hospitality | 2014 |
| North Dawn Ltd | Real estate | 2021 |
| North Decorators Ltd | Construction | 2016 |
| North East Certification Limited | Construction | 2010 |
| North East Financial Planning Ltd | Financial services | 2015 |
| North East Tree Services Limited | Agriculture & fishing | 2008 |
| North Greetings Ltd | Wholesale & retail | 2015 |
| Northern Asbestos Services Limited | Construction | 2005 |
| Northern Machinery Group Ltd | Wholesale & retail | 2026 |
| Northern Scot Properties Limited | Households | 2025 |
| Northgate Accounting Services Ltd | Professional & scientific | 2021 |
| Northpoint Paraplanning Limited | Administrative & support | 2025 |
| Northscaff Ltd | Construction | 2017 |
| Oakwood Bathrooms Limited | Wholesale & retail | 2015 |
| Oasis Church of the Nations | Other services | 2010 |
| Ockwell Plastering Ltd | Construction | 2024 |
| Octane Automation Ltd | Manufacturing | 2020 |
| Office AID UK Limited | Wholesale & retail | 2007 |
| Oikos Architectural Limited | Professional & scientific | 2004 |
| Omcp Ltd | Hospitality | 2022 |
| OMZ Electrical Ltd | Construction | 2023 |
| ONE4ALL Global Limited | Administrative & support | 2025 |
| Operator Specialists Ltd | Construction | 2025 |
| Optimise Coaching Limited | Education | 2025 |
| Ordhill Farms Limited | Agriculture & fishing | 2010 |
| Orebank Consultancy Services Ltd | Professional & scientific | 2018 |
| Orrin Elgin Ltd | Hospitality | 2023 |
| Osatek Ltd | Information & communication | 2017 |
| Ospreyair Ltd | Transport & logistics | 2025 |
| Ostair Operator Ltd | Hospitality | 2025 |
| OUT of the Darkness Theatre Company | Arts & recreation | 1992 |
| Outboxd Limited | Professional & scientific | 2024 |
| Oykel Farms Limited | Agriculture & fishing | 1966 |
| P a Sound Systems Ltd | Information & communication | 2017 |
| P&E Services Ltd | Construction | 2023 |
| P.E.C. Electrical Services Limited | Construction | 2022 |
| Pacs Business Limited | Other services | 2026 |
| Paint Technique Ltd | Wholesale & retail | 2026 |
| Pathside Energy Limited | Administrative & support | 2012 |
| Paton & Co Group LLP | | 2012 |
| Paton Design Services Ltd | Professional & scientific | 2026 |
| Pattaya Beach Limited | Hospitality | 2019 |
| Pattaya Thai & Chinese Ltd | Hospitality | 2024 |
| Paul Watson Services Ltd | Administrative & support | 2012 |
| Paul Westmacott (Builder) Limited | Construction | 2003 |
| Paul Williamson Cars Limited | Wholesale & retail | 2013 |
| PB Aerial Imaging Ltd | Professional & scientific | 2022 |
| PBE Group(Uk) Ltd | Information & communication | 2020 |
| PE Property Ltd | Real estate | 2022 |
| Pearson Donovan Ltd | Construction | 2025 |
| Peter Woods Scaffolding Ltd | Administrative & support | 2019 |
| Philip Engineering (Elgin) Ltd. | Manufacturing | 2002 |
| Phoenix Group Consultancy Ltd | Administrative & support | 2023 |
| Phytoward Ltd | Manufacturing | 2016 |
| PI Hotel Ltd | Hospitality | 2023 |
| Pilates and Wellness With Helen Limited | Arts & recreation | 2023 |
| Pinefield Car Centre Ltd | Wholesale & retail | 2015 |
| Pinefield Glass Limited | Manufacturing | 2011 |
| Pinz Bowling Ltd | Arts & recreation | 2013 |
| Pioneer Smallholdings Ltd | Real estate | 2021 |
| Pitgaveny Farms | | 1979 |
| Pitgaveny Trading Company Limited | Mining & quarrying | 1979 |
| Pittance Ltd | Information & communication | 2026 |
| Pizzeria Napoletana Ltd | Real estate | 2023 |
| Pizzeria Toscana Ltd. | Hospitality | 2012 |
| PJA ROV Services Ltd | Mining & quarrying | 2025 |
| PJR Solutions Stirling Limited | Professional & scientific | 2021 |
| Planta Catering Ltd | Hospitality | 2023 |
| Planta Ltd | Hospitality | 2019 |
| Planta Real Estate Ltd | Real estate | 2021 |